Nike, Inc (NYSE: NKE) is -16.36% lower on its value in year-to-date trading and has touched a low of $64.95 and a high of $98.04 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NKE stock was last observed hovering at around $65.80 in the last trading session, with the day’s loss setting it -2.51%.
Currently trading at $63.29, the stock is -12.51% and -14.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 19.55 million and changing -3.81% at the moment leaves the stock -18.94% off its SMA200. NKE registered -31.64% loss for a year compared to 6-month loss of -28.08%. The firm has a 50-day simple moving average (SMA 50) of $74.1092 and a 200-day simple moving average (SMA200) of $78.07515.
The stock witnessed a -20.91% gain in the last 1 month and extending the period to 3 months gives it a -17.58%, and is -6.84% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.13% over the week and 3.00% over the month.
Nike, Inc (NKE) has around 79400 employees, a market worth around $93.61B and $47.88B in sales. Current P/E ratio is 21.06 and Fwd P/E is 30.35. Profit margin for the company is 9.42%. Distance from 52-week low is -2.56% and -35.44% from its 52-week high. The company has generated returns on investments over the last 12 months (18.45%).
with sales reaching $10.67B over the same period.The EPS is expected to shrink by -46.14% this year, but quarterly earnings will post -10.66% year-over-year. Quarterly sales are estimated to shrink -15.36% in year-over-year returns.
Nike, Inc (NKE) Top Institutional Holders
2987.0 institutions hold shares in Nike, Inc (NKE), with institutional investors hold 83.70% of the company’s shares. The shares outstanding are 1.48B, and float is at 1.16B with Short Float at 3.15%. Institutions hold 82.27% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 111.59 million shares valued at $8.41 billion. The investor’s holdings represent 7.3999% of the NKE Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 91.53 million shares valued at $6.9 billion to account for 6.0407 of the shares outstanding. The other top investors are STATE STREET CORP which holds 56.05 million shares representing 3.7172% and valued at over $4.25 billion, while WELLINGTON MANAGEMENT GROUP LLP holds 1.7225 of the shares totaling 26.1 million with a market value of $1.97 billion.
Nike, Inc (NKE) Insider Activity
The most recent transaction is an insider sale by PARKER MARK G, the company’s EXECUTIVE CHAIRMAN. SEC filings show that PARKER MARK G sold 169,732 shares of the company’s common stock on Feb 14 ’25 at a price of $72.83 per share for a total of $12.36 million. Following the sale, the insider now owns 0.9 million shares.
Nike, Inc disclosed in a document filed with the SEC on Feb 13 ’25 that Leinwand Robert (EVP: Chief Legal Officer) sold a total of 4,506 shares of the company’s common stock. The trade occurred on Feb 13 ’25 and was made at $72.81 per share for $0.33 million. Following the transaction, the insider now directly holds 30943.0 shares of the NKE stock.
Still, SEC filings show that on Feb 14 ’25, PARKER MARK G (Officer) Proposed Sale 169,732 shares at an average price of $72.83 for $12.36 million. The insider now directly holds shares of Nike, Inc (NKE).
